An anonymous director reports

GOLDEN MINERALS SIGNS BINDING AGREEMENT TO SELL YOQUIVO GOLD-SILVER PROJECT

Golden Minerals Company has signed a binding agreement to sell its Yoquivo gold-silver project (located in Chihuahua state, Mexico) to Advance Metals Ltd. (ASX: AVM) an Australian Stock Exchange-listed entity focused on the acquisition, discovery and advancement of high-quality metals projects.

Under the terms of the agreement, AVM shall purchase 100 per cent of the Yoquivo project from Minera de Cordilleras S. de R.L. de C.V., a wholly owned subsidiary of Golden Minerals, for total consideration of $570,000 (U.S.), payable in cash, plus value added tax (VAT) as follows:

• A non-refundable cash payment of $20,000 (U.S.), plus VAT, for AVM, to have the right to carry out due diligence for a seven-day exclusive period, beginning on Oct. 24, 2024;

• On Nov. 1, 2024, AVM shall make a $275,000 (U.S.) cash payment, plus VAT, to Golden;

• On Nov. 21, 2024, AVM shall make a final $275,000 (U.S.) cash payment, plus VAT, to Golden.

Closing of the transaction will be subject to additional conditions, including receipt of regulatory approvals and completion of due diligence review by AVM. In the event that AVM decides not to complete the transaction, AVM will be subject to a breakup fee of 20 per cent of the purchase price.

We seek Safe Harbor.